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British Pound / Canadian Dollar
Short
Updated

GBPCAD Weekly

147
Price rejected off the long term descending trend line, rejecting also this week previous resistance forming a double top. This upcoming week, I am looking for further downside on the lower timeframe, into the support region below.
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snapshot Daily Timeframe: Scenarios ill be looking at
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4 Hour: Support & head on shoulders neckline broken, a retest / rejection of previous support as resistance, & we can look for entry for price to complete the pattern.
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snapshot
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snapshot Price is now in the pullback zone
Profound_Ambition
GBPCADSupply and DemandSupport and ResistanceTrend Analysis

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GBPCADSupply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.